Oil will go higher
This drop in recent days looks more like a correction to the bullish momentum started two months ago.
It is not yet confirmed by me but the chart does show early signs of a longer term rise.
Take a closer look at the MACD. It is rising.
A rising MACD in a currently bearish scenario implies that the correction is coming to an end.
Take a closer look at the chart and MACD in the month of January. You will understand.
It is not yet confirmed by me but the chart does show early signs of a longer term rise.
Take a closer look at the MACD. It is rising.
A rising MACD in a currently bearish scenario implies that the correction is coming to an end.
Take a closer look at the chart and MACD in the month of January. You will understand.
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